Brookdale Senior Living (NYSE:BKD) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Brookdale Senior Living (NYSE:BKD) released its earnings results on Monday. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16, FiscalAI reports. Brookdale Senior Living had a negative return on equity of 15,050.32% and a negative net margin of 6.51%.The firm had revenue of $718.58 million during the quarter, compared to the consensus estimate of $735.63 million.

Brookdale Senior Living Stock Down 3.7%

Shares of BKD traded down $0.52 during mid-day trading on Monday, reaching $13.70. The company had a trading volume of 8,395,238 shares, compared to its average volume of 4,598,633. Brookdale Senior Living has a 52-week low of $7.03 and a 52-week high of $17.09. The stock has a market capitalization of $3.27 billion, a P/E ratio of -15.93 and a beta of 0.60. The stock has a 50 day moving average of $14.32 and a two-hundred day moving average of $14.23.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BKD. Wellington Management Group LLP boosted its position in Brookdale Senior Living by 24.5% in the 3rd quarter. Wellington Management Group LLP now owns 11,609,307 shares of the company’s stock worth $98,331,000 after purchasing an additional 2,282,151 shares in the last quarter. Maple Rock Capital Partners Inc. increased its holdings in shares of Brookdale Senior Living by 34.9% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 8,497,048 shares of the company’s stock valued at $91,683,000 after purchasing an additional 2,199,000 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Brookdale Senior Living by 3.8% in the 2nd quarter. Bank of America Corp DE now owns 6,507,559 shares of the company’s stock valued at $45,293,000 after purchasing an additional 238,042 shares during the period. Geode Capital Management LLC lifted its stake in shares of Brookdale Senior Living by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 5,469,453 shares of the company’s stock valued at $59,025,000 after purchasing an additional 42,375 shares during the period. Finally, State Street Corp lifted its stake in shares of Brookdale Senior Living by 3.5% in the 4th quarter. State Street Corp now owns 5,408,898 shares of the company’s stock valued at $58,362,000 after purchasing an additional 185,205 shares during the period.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Brookdale Senior Living from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Zacks Research cut shares of Brookdale Senior Living from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Compass Point started coverage on shares of Brookdale Senior Living in a research note on Monday, June 15th. They set a “buy” rating and a $22.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $17.60.

About Brookdale Senior Living

Brookdale Senior Living Inc (NYSE: BKD) is one of the nation’s largest operators of senior living communities, offering a full spectrum of living options that includes independent living, assisted living, memory care, continuing care retirement communities, respite care and skilled nursing services. The company emphasizes programs and amenities that support wellness, social engagement and overall quality of life for older adults.

Across the United States and Puerto Rico, Brookdale manages more than 700 communities serving tens of thousands of residents.